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Author Question: Suppose the equation for the demand curve is P = 26 2.25Qd. What is the consumer surplus when P=$2.50? (Read 37 times)

bryantpr01

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on: Nov 23, 2022

Question 1

Consumer Surplus and the Demand Curve

The graph shows the market demand for sweaters.

If P1=$4, P2=$90, Q1=610, and Q2=2380, what is the consumer surplus?
◦ $1220
◦ $52,460
◦ $2440
◦ $26,230

Question 2

Suppose the equation for the demand curve is P = 26 – 2.25Qd. What is the consumer surplus when P=$2.50?
◦ $245.44
◦ $122.72
◦ $13.06
◦ $271.56
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by bryantpr01 on Nov 23, 2022

KeriJennin

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bryantpr01

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Reply 2 on: Nov 23, 2022
Wow, this really help

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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